New York, New York/Idaho Springs, Colorado - November 11, 1998 - WCM
CAPITAL, INC. (NASDAQ symbol WCMC) announced today the results of a February 19,
1998 survey conducted by Steven R. Schurman, a Certified Professional Geologist
and president of MinSearch, Inc., a Denver, Colorado based entity specializing
in mineral project evaluation, exploration, project permitting, mapping and
drill testing. Mr. Schurman's review of existing technical data relative to ore
bodies found at the Franklin Mine in February and in October, 1998, revealed two
additional areas of strong gold mineralization approximately halfway between the
Franklin and Freighters Friend shafts on the 900 and 976 levels of the mine. The
ore grade gold mineralization was defined by 76 samples taken at five-foot
intervals along the vein. The sampling indicates the presence of 6,200 tons of
rock containing an average of 0.91 oz/ton gold, 9.5 oz/ton silver and
substantial quantities of lead and zinc.

Mr. Schurman is a former director of the Company and is currently acting as an
adviser to the Company with respect to mining projects.

CONTACT: Robert Waligunda, Pres. (212) - 344-2828

* Statements in this press release, other than statements of historical
information, are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual performance and
results may differ materially from that projected or suggested due to certain
risks and uncertainties including, without limitation, risks associated with
mining and milling operations, the availability of debt and equity capital on a
reasonable terms and the effects of government regulations and operations risks.
Additional information concerning certain risks and uncertainties that could
cause actual, results to differ materially from that projected or suggested is
contained in the Company's filings with the Securities and Exchange Commission
(SEC) over the past 12 months, copies of which are available from the SEC or may
be obtained upon request from the Company. The forward-looking statements
contained herein represent the Company's judgement as of the date of this
release, and the Company cautions readers not to place undue reliance on such
statements.